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Opportunity Cost [LO 2] Zachary made plans to visit a friend in New York during the Memorial Day weekend. However, before the trip, his employer
Opportunity Cost [LO 2] Zachary made plans to visit a friend in New York during the Memorial Day weekend. However, before the trip, his employer asked him if he would work overtime for 16hoursat $35 per hour during the weekend What will be the opportunity cost if Zachary decides to visit his friend in New York? Incremental Analysis [LO 2, 3] Wilmington Chemicals produces a chemical, PX44, which is used to retard fading in exterior house paint. In the past year, the company produced 200,000 gallons at a total cost of $1, 200,000 (S6 per gallon). The company is currently considering an order for 15,000 gallons from a paint company in Canada. (To date, Wilmington has not sold the product in markets outside the United States.) Explain why the incremental cost associated with this order is likely to be less than $90,000
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